Transport Fare Watch for July 2024 covers the following categories: bus journey within the city per drop constant route; bus journey intercity (state route) charge per person; air fare charge for specified routes single journey; journey by motor cycle (Okada) per drop; and water way passenger transport. The average fare paid by commuters for bus journeys within the city per drop decreased to 2.18% from N963.58 in June 2024 to N942.61 in July 2024. On a year-on year basis, it declined by 29.46% from N1,336.29 in July 2023. In another category, the average fare paid by commuters for bus journey intercity per drop was N7,117.17 in July 2024, indicating an increase of 0.35% on a month-on-month basis compared to N7,092.03 in June 2024.

On a year-on-year ba sis, the fare rose by 20.23% from N5,919.49 in July 2023. In air travel, the average fare paid by air passengers for specified routes single journey was N98,561.74 in July 2024, showing an increase of 9.65% while compared to previous month (June 2024). On a year-on -year basis, the fare rose by 25.12% from N78,775.74 in July 2023. The average transport fare paid on Okada transportation was N483.33 in July 2024 which shows an increase of 1.22% when compared with the value recorded in June 2024 (N477.49). On a year-on-year basis, the fare decreased by 25.20% when compared with July 2023 (N646.12). For water transport (waterway passenger transportation), the average fare paid in July 2024 was N1,403.06 which indi cates a decline of 0.44% on monthly basis. On a year-on-year basis, it decreased by 0.26% from N1,406.70 in July 2023.

On state profile analysis, for intercity bus travel (state route charged per person fare), the highest fare was recorded in Anambra with N9,566.89, followed by Gombe with N8,299.44. The least fare was recorded in Kwara with N5,518.38, fol lowed by Ebonyi with N5,596.11. Taraba state recorded the highest bus journey within the city (per drop constant route) in July 2024 with N1,457.28 followed by Ondo with N1,200.94. On the other hand, Adamawa recorded the least with N500.00, followed by Abia with N505.35. 

Data source: National Bureau of Statistics

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